10-Q Filing

RICH PHARMACEUTICALS, INC. CIK: 1504389 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001255294-14-000895`
Period End Date	20140630
Filing Date	20140819
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	rcha-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 34 Cash Flow Statement 42

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.39K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	37.50B	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	37.50B	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	90.00M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	414.41M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$1.56K	USD	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	419.46M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$101.56K	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$101.56K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$13.95K	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.26K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.14K	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$102.70K	USD	Point-in-time
Preferred Stock, Issued	`PreferredStockSharesIssued`	6.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$15.21K	USD	Point-in-time
Preferred Stock, Issued	`PreferredStockSharesIssued`	6.00M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$180.67K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$248.36K	USD	Point-in-time
Bank overdraft	`BankOverdrafts`	$1.86K	USD	Point-in-time
Bank overdraft	`BankOverdrafts`	-	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$229.90K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$451.29K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$36.00K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$5.00K	USD	Point-in-time
Stock deposits	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$-147.05K	USD	Point-in-time
Stock deposits	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	-	USD	Point-in-time
Convertible note payable	`ConvertibleNotesPayable`	$37.50K	USD	Point-in-time
Convertible note payable	`ConvertibleNotesPayable`	$133.00K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$852.51K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$618.12K	USD	Point-in-time
Preferred stock, $.001 par value, 10,000,000 shares authorized, 6,000,000 shares issued and outstanding, respectively	`PreferredStockValue`	$6.00K	USD	Point-in-time
Preferred stock, $.001 par value, 10,000,000 shares authorized, 6,000,000 shares issued and outstanding, respectively	`PreferredStockValue`	$6.00K	USD	Point-in-time
Common stock, $.001 par value, 37,503,000,000 shares authorized, 419,463,772 and 414,411,438 shares issued and outstanding, respectively	`CommonStockValue`	$414.41K	USD	Point-in-time
Common stock, $.001 par value, 37,503,000,000 shares authorized, 419,463,772 and 414,411,438 shares issued and outstanding, respectively	`CommonStockValue`	$419.46K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.04M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.82M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-837.30K	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-515.42K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$102.70K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$15.21K	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	1 Quarter
Consulting expenses	`CostOfServices`	$80.00K	USD	1 Quarter
Consulting expenses	`CostOfServices`	-	USD	1 Quarter
Office expenses	`OperatingCostsAndExpenses`	-	USD	1 Quarter
Office expenses	`OperatingCostsAndExpenses`	$22.84K	USD	1 Quarter
Depreciation expense	`Depreciation`	$118.00	USD	1 Quarter
Depreciation expense	`Depreciation`	-	USD	1 Quarter
Wages and taxes	`LaborAndRelatedExpense`	-	USD	1 Quarter
Wages and taxes	`LaborAndRelatedExpense`	$151.08K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$125.88K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$8.03K	USD	1 Quarter
Regulatory fees	`RegulatoryExpense`	$1.06K	USD	1 Quarter
Regulatory fees	`RegulatoryExpense`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$120.29K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Travel, meals and entertainment	`TravelAndEntertainmentExpense`	$16.94K	USD	1 Quarter
Travel, meals and entertainment	`TravelAndEntertainmentExpense`	-	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$8.03K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$518.21K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-518.21K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-8.03K	USD	1 Quarter
Interest expense	`InterestExpense`	$2.25K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
LOSS BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-520.46K	USD	1 Quarter
LOSS BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-8.03K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`CurrentIncomeTaxExpenseBenefit`	-	USD	1 Quarter
PROVISION FOR INCOME TAXES	`CurrentIncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-520.46K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-8.03K	USD	1 Quarter
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	417.09M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.09B	shares	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-520.46K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-8.03K	USD	1 Quarter
Depreciation expense	`Depreciation`	$118.00	USD	1 Quarter
Depreciation expense	`Depreciation`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$120.29K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-100.00K	USD	1 Quarter
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$67.69K	USD	1 Quarter
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	1 Quarter
Increase in bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	1 Quarter
Increase in bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$1.86K	USD	1 Quarter
Increase in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$78.61K	USD	1 Quarter
Increase in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.94K	USD	1 Quarter
Net Cash Used by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.09K	USD	1 Quarter
Net Cash Used by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-351.89K	USD	1 Quarter
Loans received (repaid) from/to related parties	`LoansAndLeasesReceivableRelatedPartiesAdditions`	$-31.00K	USD	1 Quarter
Loans received (repaid) from/to related parties	`LoansAndLeasesReceivableRelatedPartiesAdditions`	$64.50K	USD	1 Quarter
Proceeds from sale of common stock and warrants	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	1 Quarter
Proceeds from sale of common stock and warrants	`ProceedsFromIssuanceOrSaleOfEquity`	$275.00K	USD	1 Quarter
Issuance of convertible note payable	`IssuanceOfConvertibleNotePayable`	$95.50K	USD	1 Quarter
Issuance of convertible note payable	`IssuanceOfConvertibleNotePayable`	-	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$339.50K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$64.50K	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$58.41K	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-12.39K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`Cash`	$12.39K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`Cash`	$1.59K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`Cash`	$60.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`Cash`	-	USD	Point-in-time
Cash and cash equivalents, end of period	`Cash`	$12.39K	USD	Point-in-time
Cash and cash equivalents, end of period	`Cash`	$1.59K	USD	Point-in-time
Cash and cash equivalents, end of period	`Cash`	$60.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`Cash`	-	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Stock deposits reclassified as common stock and stock warrants	`StockDepositsReclassifiedAsCommonStockAndStockWarrants`	$147.05K	USD	1 Quarter
Stock deposits reclassified as common stock and stock warrants	`StockDepositsReclassifiedAsCommonStockAndStockWarrants`	-	USD	1 Quarter
Common stock issued for accrued expense	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	1 Quarter
Common stock issued for accrued expense	`StockIssuedDuringPeriodValueIssuedForServices`	$300.00K	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.